Page 3 - 2017 FutureSteps
P. 3
Future Steps for Ron and Penny Note: Ron and Penny paid $224 less
Ron and Penny are empty nesters who are looking forward to retiring in premium than they do now, and they
the next eight years. They have been reasonably healthy, but they have would have paid $788 more under
concerns about having enough money saved to meet medical costs after the 2017 renewal plan. They took
Ron leaves W&T Offshore. Penny developed high blood pressure, and her advantage of the pre-tax savings
doctor recommended an exploratory surgery and a follow-up. Penny needs available in the HSA account, and
to start taking a special prescription to alleviate the high blood pressure. Both they used the “catch up” provision
Ron and Penny are careful to have their annual physicals to stay ahead of because they’re over 55 years old.
any other problems. Because their premiums are lower
in Future Steps, they actually spent
less for medical services used in
2017 2017 PPO Plan 2016 PPO Plan 2017 than they would have under the
Employee/Spouse Coverage Future Steps Renewal Actual PPO plan in 2016, or the PPO plan
Annual Physicals $0 $0 $0 renewal for 2017. They have started a
(average cost $150) (covered (covered (covered powerful savings tool in the HSA that
100%)
100%)
100%)
$2,600 $1,000 $500 will grow over the next eight years to
2 In-Patient Procedures for (deductible) (deductible) (deductible) give them more inancial security in
Penny ($2,500 per procedure) $480 (20% $800 (20% $900 (20% their retirement.
coinsurance) coinsurance) coinsurance)
2 Specialty Medications for $200 (20%
Penny ($500 per med; $1,000 coinsurance) $300 copay $300 copay
total)
Penny’s Costs for Services
She Used $3,280 $2,100 $1,700
Ron and Penny’s Premiums $3,248 $4,036 $3,542
Ron and Penny’s Total Out-of-
Pocket Medical Costs $6,528 $6,136 $5,242
W&T Offshore HSA $1,500
Contribution
Ron and Penny’s Personal
HSA Contribution $5,250
Ron and Penny’s “Catch-Up” $1,000
HSA Contribution
HSA Funds Used ($1,000)
Funds Remaining in Ron and $6,750
Penny’s HSA Account
Ron and Penny’s Actual $5,528 $6,136 $5,242
Medical Costs in 2017
These illustrative costs do not relect
BCBSTX network discounts and
savings which may apply.
© 2016 Lockton, Inc. All rights reserved.
[Rev 10/13/16] EB\W&T08\EE Comm\Flyers\2017\FutureSteps 5850.pdf
Ron and Penny are empty nesters who are looking forward to retiring in premium than they do now, and they
the next eight years. They have been reasonably healthy, but they have would have paid $788 more under
concerns about having enough money saved to meet medical costs after the 2017 renewal plan. They took
Ron leaves W&T Offshore. Penny developed high blood pressure, and her advantage of the pre-tax savings
doctor recommended an exploratory surgery and a follow-up. Penny needs available in the HSA account, and
to start taking a special prescription to alleviate the high blood pressure. Both they used the “catch up” provision
Ron and Penny are careful to have their annual physicals to stay ahead of because they’re over 55 years old.
any other problems. Because their premiums are lower
in Future Steps, they actually spent
less for medical services used in
2017 2017 PPO Plan 2016 PPO Plan 2017 than they would have under the
Employee/Spouse Coverage Future Steps Renewal Actual PPO plan in 2016, or the PPO plan
Annual Physicals $0 $0 $0 renewal for 2017. They have started a
(average cost $150) (covered (covered (covered powerful savings tool in the HSA that
100%)
100%)
100%)
$2,600 $1,000 $500 will grow over the next eight years to
2 In-Patient Procedures for (deductible) (deductible) (deductible) give them more inancial security in
Penny ($2,500 per procedure) $480 (20% $800 (20% $900 (20% their retirement.
coinsurance) coinsurance) coinsurance)
2 Specialty Medications for $200 (20%
Penny ($500 per med; $1,000 coinsurance) $300 copay $300 copay
total)
Penny’s Costs for Services
She Used $3,280 $2,100 $1,700
Ron and Penny’s Premiums $3,248 $4,036 $3,542
Ron and Penny’s Total Out-of-
Pocket Medical Costs $6,528 $6,136 $5,242
W&T Offshore HSA $1,500
Contribution
Ron and Penny’s Personal
HSA Contribution $5,250
Ron and Penny’s “Catch-Up” $1,000
HSA Contribution
HSA Funds Used ($1,000)
Funds Remaining in Ron and $6,750
Penny’s HSA Account
Ron and Penny’s Actual $5,528 $6,136 $5,242
Medical Costs in 2017
These illustrative costs do not relect
BCBSTX network discounts and
savings which may apply.
© 2016 Lockton, Inc. All rights reserved.
[Rev 10/13/16] EB\W&T08\EE Comm\Flyers\2017\FutureSteps 5850.pdf
